Red Wing, Minnesota
610 Main St.
Red Wing, MN 55066
(651) 388-4745

How to Make an Offer When You’re Ready to Buy a Home October 9, 2017

Red Wing, Goodhue
How to Make an Offer When You’re Ready to Buy a Home, Red Wing, Minnesota

After weeks or months of house hunting, it’s quite exciting when you are finally ready to buy a home. However, there is a process involved with making an official offer, and it’s important to understand what it entails so you don’t let your dream home slip through your fingers. The real estate agents at Lawrence Realty Inc in Red Wing, MN, understand purchasing a home is one of the biggest financial investments you will make in your lifetime and are here to explain what you need to know about making an offer.

How to Make an Offer When You’re Ready to Buy a Home

1. Market Research

buy a homeTo improve the chances of landing your dream home, you will need to submit an offer that’s reasonable to the seller. Research the local market and look for the prices similar houses in the area have sold for. Learn about the seller’s personal history with the home, as well. For example, research when they bought it and for how long the home has been on the market.

2. Mortgage Pre-Approval

Most sellers won’t take your initial offer seriously unless you have already been pre-approved by a lender to take out the mortgage for the home. After all, if you can’t secure the loan, you will not be bound by the contract on the offer.

3. Hire a Real Estate Agent

Whether this is your first or fifth time purchasing a home, it helps to have the professional assistance of an experienced real estate agent. Not only will they handle the tough negotiations, but they are also working in your corner to ensure you land the best deal possible. In addition to helping you find your ideal home, they’ll assist in drafting a purchase agreement that is suitable for both you and the seller.

If you’re ready to buy a home and need a knowledgeable real estate agent to guide you through the process, turn to the team at Lawrence Realty Inc in Red Wing, MN. The family-owned agency is committed to helping both buyers and sellers achieve a successful transaction. Call (651) 388-4745 to schedule a consultation, or visit their website today to browse their listings.

Other Announcements, Events and Deals from Lawrence Realty
How to Stage Your House During the Winter, Red Wing, Minnesota
There are fewer competing properties for sale during the winter—but selling your house at any point in the year takes careful preparation, and a few challenges are unique t...read more
3 Benefits of Selling Your House in the Winter, Red Wing, Minnesota
Summer brings more buyers looking for their next home, which often makes it the best time to put a house on the market. However, there are some advantages to selling your house in th...read more
New detached Town Home to be built at 4761 Kingswood Dr. Red Wing, for sale by LAWRENCE REALTY INC.-Dahl/Lawrence, Red Wing, Minnesota
Great opportunity to build a standalone town house !  This property for sale has an ideal location with easy access to the metro area, as well as to Rochester.  The closed ...read more
A Guide to Turn-Key Homes, Red Wing, Minnesota
Buying a home can be a long, complex process, especially when extensive renovations need to be made before you can start living in it. This is why many homeowners choose to purchase ...read more
What to Look for in a Family Home, Red Wing, Minnesota
When it’s time to buy a home for your family, finding one that can meet all the needs of each member now and into the future can be a challenge. Here are the biggest factor...read more